US Data Drop (May 28): 🔹 Core PCE (Fed’s favorite inflation gauge): +0.2% MoM ✅ Beat expectations (0.3%) — cooler than forecast 🔥 🔹 GDP Q1 2nd estimate: 1.6% QoQ Missed consensus (2.0%) 🔹 Durable Goods Orders: +7.9%Big beat vs +3.5% expected 🔹 Personal Income flat at 0% | Spending in line at +0.5% Bottom line: Softer inflation print is the clear winner today. Rate cut odds just got a little more oxygen 1.1% cut 😅😅(Seth)